Asset Protection Techniques
- Thread starter JohnLocke
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Some of the best asset protection structures I have seen was one drawn down in a PDF document which I can't access any more. It covered everything you need to consider from company formation to foundation to trust.
To protect my assets is important once I have build up a lot of money and property so I already start planning all of it now and do my homework.
One of the law firms I have been speaking with is Beaverton Estate Planning Attorney | Avoid Probate | Succession Planning they seem to be specialized in such.
One of the law firms I have been speaking with is Beaverton Estate Planning Attorney | Avoid Probate | Succession Planning they seem to be specialized in such.
No lame question. But when you are located in Europe and you want to have something that protects your privacy but also looks legit towards everyone that come in contact with your company then Cyprus is the most legit offshore company you can look at! Still it provides some fantastic privacy and tax benefits.
Yes everything is in there.. you can even find drawings that show you exactly how to do this the correct way. It's still up to date and working.
My story explains a little about how good you are protected when you setup a Seychelles Holding Company owning the shares of a Cyprus company and use a Cyprus bank account to receive the money from your customers while you pay your creditors and lenders from a local account.
For approximately 3 years I gone broke, total broke and walked to one court after the other because there were lots of creditors after me that wanted my money and I was unable to pay my rent for the flat and other expenses that I needed fir living. They accessed my accounts locally and asked me︀ a hundred times if I had any assets or funds somewhere else because then it︁ was the time to tell. I told them no I don't have more, even that︂ I knew that there was a few thousands on my offshore account in the Seychelles︃ holding company.
So after a while I got started my business again and money start︄ floating in, the creditors still didn't got their money and someone somehow got suspicious and︅ found out that I received money on my Cyprus bank account but could not proof︆ that this account was belonging to me! So to make a long story short, they︇ tried to access the account by court order which they got here in my country︈ but not in Cyprus because there was no fraud or scam going on, and they︉ could not get access to it. I kept telling them this account was not belonging︊ to me (which is the truths because the account belongs to the Cyprus company) so︋ after a while they gave up.
Hope someone can use this story for something.. it's︌ good to do proper asset protection!
For approximately 3 years I gone broke, total broke and walked to one court after the other because there were lots of creditors after me that wanted my money and I was unable to pay my rent for the flat and other expenses that I needed fir living. They accessed my accounts locally and asked me︀ a hundred times if I had any assets or funds somewhere else because then it︁ was the time to tell. I told them no I don't have more, even that︂ I knew that there was a few thousands on my offshore account in the Seychelles︃ holding company.
So after a while I got started my business again and money start︄ floating in, the creditors still didn't got their money and someone somehow got suspicious and︅ found out that I received money on my Cyprus bank account but could not proof︆ that this account was belonging to me! So to make a long story short, they︇ tried to access the account by court order which they got here in my country︈ but not in Cyprus because there was no fraud or scam going on, and they︉ could not get access to it. I kept telling them this account was not belonging︊ to me (which is the truths because the account belongs to the Cyprus company) so︋ after a while they gave up.
Hope someone can use this story for something.. it's︌ good to do proper asset protection!
Yes, it's indeed, if you are a looking for a reliable provider of such then I recommend to take a look at this thread NL, USA and Canada Windows 2008 server for PayPal & Amazon accounts.
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